CATEGORY: TAX

Here is The New Plan FIRS Wants To Use To Catch Tax Evaders

Nigeria’s Federal Inland Revenue Service (FIRS) said on Friday it would crack down on tax evaders by denying access...


What Is Zero Rated Vat in Nigeria?

Summary VAT is a consumption tax levied at 5% on the supply of goods and services. You can claim...


What You Need To Know About Value Added Tax (VAT) In Nigeria

  VAT is a tax on the supply of goods and services which is eventually borne by the final...



A-Z Of Pioneer Status Incentives In Nigeria

  Nigeria’s economy is growing rapidly. In recent times, there has been keen interest from the international sphere in...


Debt or Equity? Tax Consideration For A Foreign Investor In Nigeria

Whether in starting out in business or in seeking to expand, business owners often look for different sources of...


B-E-W-A-R-E: The Following Taxes Must Be Filed Before June 30th, 2014

It’s definitely that time of the year again where we get to file our tax returns. Considering that most...


This Is The Portion of Your Salary Exempted/Deductible From Tax

The Personal Income Tax Act was amended in June 2011 to address some of the issues with the previous...


Tax – Expenses Allowable For Deduction From Profit In Nigeria

  Companies in Nigeria are statutorily required to pay 30% of their taxable profit as company income tax. However, before...


This is the New Tarrif Structure For Importing Tokunbo & Brand New Cars

  The Federal Ministry of Finance recently announced revised fiscal policy measures in the Automotive and Tyre Industries. These...


H-I-S-T-O-R-I-C-A-L: Federal High Court Declares Tax Tribunals Illegal

Thisday, reports the A Federal High Court in Abuja has restrained  Tax Appeal Tribunals established by the Federal Inland...


How To Get A Tax Identification Number (TIN) – Nigeria

I have been approached by some people looking to get a TIN for the companies. Thankfully, the Joint Tax...


Should I Pay Vat On Rent And When I Acquire A Property

Case Examples Mike recently “sold a piece of Land” he inherited from his father for N20m. On filing his...


How To Calculate Vat Remittances In Nigeria

Value Added Tax is an indirect form of taxation that is based on the consumption pattern of individuals and...


Taxation For Nigerian Musicians…..A Simple Guide

  In this blogpost we are going to get specific and take you through how taxation affects musicians and...